Jefferies Financial Group Boosts Bank of Montreal (TSE:BMO) Price Target to C$140.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective increased by analysts at Jefferies Financial Group from C$126.00 to C$140.00 in a research note issued on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s target price would indicate a potential downside of 2.58% from the company’s previous close.

Several other research firms also recently weighed in on BMO. Royal Bank of Canada raised shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$133.00 to C$161.00 in a research note on Wednesday, January 8th. TD Securities boosted their target price on Bank of Montreal from C$114.00 to C$131.00 in a report on Friday, November 15th. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. Canaccord Genuity Group lifted their price objective on Bank of Montreal from C$143.00 to C$148.00 in a research report on Friday, December 6th. Finally, National Bankshares upped their target price on Bank of Montreal from C$127.00 to C$148.00 in a report on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$139.58.

Bank of Montreal Stock Performance

TSE BMO opened at C$143.71 on Tuesday. The business has a fifty day moving average price of C$141.51 and a 200 day moving average price of C$129.86. The company has a market cap of C$104.09 billion, a P/E ratio of 14.19, a P/E/G ratio of 0.71 and a beta of 1.16. Bank of Montreal has a one year low of C$109.02 and a one year high of C$147.54.

Insider Buying and Selling at Bank of Montreal

In related news, Director William Darryl White sold 11,376 shares of Bank of Montreal stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of C$140.79, for a total value of C$1,601,592.91. 0.03% of the stock is owned by corporate insiders.

Bank of Montreal Company Profile

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.